Purchase/Sale Adjustment Statement - NSW

Modified on: Fri, 12 Apr, 2024 at 4:24 PM

Getting Started

1. Select Precedent from the Matter Action Bar.

2. Select either:

3. Double-click Settlement Adjustment Sheet to open the precedent in Word.

1.	Party surnames	Purchaser's surname(s) obtained from Purchaser contact card(s) and Vendor's surname(s) obtained from Vendor contact card(s)
2.	Property Address	Property Details
3.	Settlement Date	Automatically populates from Conveyancing Details but can be manually overwritten
4.	Adjustment Date	Automatically populates from Conveyancing Details
5.	Purchase Price	Conveyancing Details
6.	Deposit Paid	Conveyancing Details
7.	Balance	Automatic calculation of Purchase Price less Paid Deposit Amount
8.	Adjustment Items	Settlement Financials
9.	Totals	Calculation of all Purchaser Adjustments plus Balance
10.	Totals	Calculation of all Vendor Adjustments
11.	Amount Due on Settlement	Calculation of Total (9) minus (10)
12.	Payment Details	Settlement Financials > Payment tab > Payment Direction All Vendor selected payments. To remove payments, they must be removed from Settlement Financials. Any greyed out payments need to be updated on the Adjustment Item.
13.	Total	Settlement Financials > Vendor Payments Total Amount

To remove an item from Settlement Financials hover over the entry with your mouse and click the red x to delete.
To remove payments, they must be removed in Settlement Financials on the Payment tab. Any greyed out payments need to be updated on the Adjustment Item where they were created. To remove a greyed out payment, change the payment amount to '0' on the Adjustment.
If the deposit does not display, ensure it has been selected as paid in Conveyancing Details.
If GST applies to the purchase price select the GST Type in Conveyancing Details and complete the GST Amount.
If GST applies to adjustments, check Plus GST on each adjustment in Settlement Financials.